Traditionally,________ were always set up as nonprofit corporations.

Question

Quizplus · Accepted Answer

Social enterprises are businesses that are created to address a social or environmental issue while operating using market-driven strategies. They differ from traditional businesses in that their main focus is not solely on generating profits, but rather on fulfilling a social mission. Therefore, they are typically set up as nonprofit corporations to ensure that their primary goal remains focused on their mission rather than their bottom line.

Traditionally,________ Were Always Set Up as Nonprofit Corporations